Once valued at next to nothing, Bitcoin has undertaken a phenomenal journey so far and turned into digital gold. Today in 2024, more institutions and entities are accepting Bitcoin as a payment method. Governments in Dubai and El Salvador have approved payment of salaries in Bitcoin. People are now purchasing immovable properties including automobiles, mansions, and yachts from Bitcoin.
The tremendous progress of Bitcoin poses the obvious question: if you have extra Bitcoin that you’d like to spend, what should you do with it? W
Well, we have some ideas, and in this article, we will list some fun ways to spend your favourite $BTC.
Online Shopping
Who doesn’t love online shopping? For crypto fans, it’s even easier to do so nowadays with several prominent online retailers accepting Bitcoin among other forms of cryptocurrency. Places like Overstock, Shopify, and Newegg are now accepting Bitcoin for purchases. Even though Amazon doesn’t directly accept Bitcoin, it’s possible to make purchases with the BitPay Card, meaning Bitcoin enthusiasts can buy just about anything they need online with their favorite crypto.
Gift Cards
For retailers that aren’t accepting Bitcoin, it’s still possible to indirectly buy things from them via gift cards. Entities like Egifter and Coingate accept Bitcoin for the purchase of gift cards to hundreds of retailers. Therefore, you can just use Bitcoin to buy gift cards and buy anything you need with those gift cards. Of course, if you’re in the giving mood, you can also use some of your excess Bitcoin to purchase gift cards for other people, potentially taking care of your holiday shopping with your stash of Bitcoin.
Travel
It’s now possible to get out of town – or possibly out of the country – using nothing but Bitcoin and other cryptocurrencies. Some airlines or private charter companies will accept Bitcoin as payment for flights. The same holds true for various travel companies, including Travala, which accepts dozens of cryptocurrencies. In theory, you could plan and pay for an entire vacation with Bitcoin. Even more amazing is the fact that Virgin Galactic accepts Bitcoin for space tourism excursions, meaning Bitcoin could be your ticket into outer space, at least temporarily.
Online Casinos
The online casino industry has grown by leaps and bounds in recent years. Part of that is because many of them have started to allow Bitcoin and other cryptocurrencies for customers to deposit funds into their accounts. This means you can play online slots or classic card games like poker and blackjack using Bitcoin. If you win playing those games, you can then withdraw your winnings in Bitcoin, adding to your crypto collection. Even many of the new sweepstakes casinos, allow the option to use cryptocurrencies like Bitcoin to purchase additional virtual currency or enhance their gaming experience.
Charitable Donation
Rather than using Bitcoin to make money at casinos, you can also make charitable donations using Bitcoin and other cryptocurrencies. While not every charity has caught on to the crypto craze, many have started to accept prominent cryptos like Bitcoin from those hoping to donate. In fact, donating with Bitcoin is better than using a credit card because it avoids a processing fee, meaning more of your donation goes toward helping the cause. Plus, your donation will still be tax-deductible while also being exempt from any capital gains taxes, adding to the benefits of donating to charity.
Create a Website
If you have a little Bitcoin you’d like to spend, you might want to consider using it to create your own website. It’s easier than ever to use Bitcoin and other cryptos to purchase domain names, maintain servers, and pay for web hosting. There are several prominent web services that partner with BitPay, making it easy to pay for the services you’ll need to start and manage your own website.
Video Games
If you want to kick back and play games while sitting on a big pile of Bitcoin, you’re free to do that too. In fact, buying games and accessories on a variety of consoles or making in-game purchases is easier than ever with Bitcoin. All the major video game companies like Nintendo, Xbox, and PlayStation allow purchases with the BitPay Card, making it easy to use your Bitcoin to buy a new console or add to your collection of video games.
New Car
Finally, if you have enough Bitcoin, you might be able to use it to buy a new car. That’s probably something nobody expected during the early days of crypto. However, we know that Tesla CEO Elon Musk is a big fan of cryptocurrency. Of course, you don’t have to buy a Tesla with your BitCoin. Other prominent carmakers like Lamborghini have also started to accept cryptocurrencies for car purchases, which might be the biggest sign that Bitcoin has gone mainstream.
Conclusion
With U.S. presidential candidate Donald Trump announcing a strategic Bitcoin reserve, the value, and adoption of BTC are only going to rise with time. In the coming days, we might see unprecedented ways to spend BTC, making it even more valuable than actual gold.
